Bitcoin Era is a trading platform that allows its clients to trade in Bitcoin and other cryptocurrencies.
Bitcoin Era Software Review
Bitcoin Era is a trading platform that allows its clients to trade in Bitcoin and other cryptocurrencies.
New York City, NY, Dec. 20, 2020 (GLOBE NEWSWIRE) -- If a person is looking to put their money in the crypto market, there are two ways to do it. Either they can choose to invest, or they can trade. Both trading and investing are different approaches to put money in the market. It's important for the person concerned to be clear with their financial goals. If they want to earn profits in the long-run, they should invest and hold an asset. And, if they're looking for instant profits, they should trade. This review is about Bitcoin Era, an automated trading software that helps people trade cryptocurrencies (1).
What Factors Influence the Price of Bitcoin?
Before diving into the review, it's important to know that Bitcoin is a decentralized currency. This means, unlike regular currencies, stocks, and commodities, it isn't regulated by any authority or government. They've no control over its value, so they cannot influence a rise or a downfall. Factors like inflation, tax changes, global economic climate, and others that usually impact stocks, commodities, and other assets have zero impact on Bitcoin's price.
But this doesn't mean the price goes uninfluenced by any economic or legal factor.
The most important factor is the simple law in economics, demand, and supply. If people demand more Bitcoin and proceed to buy it, the price will go up. And, if supply increases and is more dominant than demand, then the price will reduce. Other factors include the production cost, regulation governing it, and stability of governments.
About Bitcoin Era
Bitcoin Era is a trading platform that allows its clients to trade in Bitcoin and other cryptocurrencies (2). The creators claim that this platform runs an innovative algorithm that processes the fluctuating crypto market data and generates profit-making trade signals. The creators affirm that these trading signals provide profitable currency pairs, like Bitcoin/the U.S. Dollar or BTC/USD, which are 99.4% accurate.
The members of this platform also confirm the ease of use of the software and the accuracy of predictions. David Williams from Phoenix says, "I had been trading in Bitcoins for a year and lost money by trading on several platforms. But, with the Bitcoin Era, things were different. The accurate predictions, leverage trading, and lightning-fast execution of orders are unique features of this trading platform.
How Does the Bitcoin Era Work?
The trading platforms in the cryptocurrency market, generally work with different exchanges and allow their clients to trade in one or more cryptocurrencies (3). Different trading platforms provide different services. Some may only allow trading in Bitcoins or may provide the market price statistics and the clients have to analyze these. Some platforms are more specialized and offer trade analysis, trading signals, and auto-trade functions to their clients. The creators of the Bitcoin Era claim that their software is highly complex. It collects the price data in real-time, processes the data, and then generates profitable trade signals. It provides many strategies as per the risk profile of the clients.
According to the options available on this platform, demo trading, manual trading, and auto trading options are available. A beginner can use demo trading to trade in the live market using virtual money and train before venturing into live trading. Manual trading is for experts who are sure of their skills. The users can navigate to auto trading, select some parameters, and the software will execute the trade.
How to Use Bitcoin Era?
Listed below are steps to follow for people who want to start using the software-
Step 1: Register on Bitcoin Era
First, people have to visit the official website of the platform and register on it. There's a sign-up form on the "home" page of the website and interested users have to provide accurate details, and fill it. After the details have been entered, users will be able to instantly access the private members' area.
Step 2: Deposit Money in Trading Account
When it comes to opening a trading account and starting trading, this is probably the most important step. Users need to provide their bank details to the platform and deposit some start-up money. $250 is the minimum deposit that allows them to start with smaller orders.
Step 3: Verification of Account
In this stage, the automated software verifies the information that users provide, including personal details and bank details. It helps the accounts of the users to be free of scams and swindles, a common occurrence in the crypto sector.
Finally, the software encrypts the user's trading account under a secure system. Then, they'll also allow traders to set a customized password for themselves, so only they can access their accounts.
Step 4: Select Trading Mode and Fix Parameters
The platform allows its customers to choose and shift trading modes according to their preferences. If they want the software to place trades on their behalf, they should select the assistance mode. They can also switch to the manual mode whenever they're ready to execute trades on their own.
Traders also need to fix and adjust parameters as per their requirements. As the trading bot pulls out potentially profitable trade opportunities for the users, it has to be aware of their preferences to bring the most suitable trades for them (4).
Step 5: Practice Account
The Bitcoin Era trading software provides its customers with a practice account. It allows users to familiarize themselves with the software and also gives them much-needed exposure to the crypto trading world. The account contains virtual credits and users are allowed to execute fake trades for practice.
Step 6: Place Trades and Win
Now, after all the necessary formalities are done, users can dive right into executing trade orders. Bitcoin Era will bring out the most suitable trading opportunities for each user based on their trading parameters. If they've switched on the "assistance mode", then the software will execute those orders for them as well. It allows users to win from every one of the executed trades as the software has a 99.4% success rate.
Step 7: Transfer the Profits to Bank Account
The developers of the software encourage users to collect their profits every day and transfer them to their savings accounts. It only takes a few minutes to complete the withdrawal process and the profits will get deposited into the users' accounts within 24-36 hours.
Benefits of Bitcoin Era
It is a web-based platform that can be accessed from any device with a Wi-Fi connection.
It's easy to use and has a free trading interface.
The backend features allow the clients to test the strategies before actual trading.
The Sophisticated algorithm helps analyze the price data.
Bitcoin Era's trade signals are 99.4% accurate that allows members to book profits almost every time.
The users can use the auto-trade option to execute trades even when they are not online.
It allows trading throughout the day, so the users can book profits even while sleeping.
The trading software uses the 'time-leap' feature, making it consistent and reliable.
Even though the developers refer to the Bitcoin Era software to be "free of charge", they do charge a minimal transaction fee on every completed transaction on the platform, be it purchasing, or selling. This fee is automatically deducted from the profit that's earned by the trader.
Is the Bitcoin Era trading software legitimate?
Yes, the Bitcoin Era trading software is legitimate. It's compliant with all the trading guidelines laid down by respective authorities. So, users need not worry about the legality of the software as it's a clean and secure platform.
Is it important to have experience in the field of trading to use the software?
No, it's not at all mandatory to have experience in the field of trading to access the software and earn profits. The developers of the software are confident that the beginner-friendly platform created by them will help every user to achieve their financial goals. The software has an "assistance mode" that can be switched on anytime by the users.
How much should users devote to the trading platform?
Users don't need to devote long hours to the platform. This is probably the most important advantage of using automated software. The developers recommend traders to access their trading accounts for 20 minutes daily to adjust their trading preferences and transfer the profits to their bank accounts.
Most people are worried about the "risk factor" that is associated with trading a lot. This is the reason behind people being hesitant towards trading. And, yes, they're right in analyzing that it involves risk but here's a software that claims to provide a 99.4% success rate. This data can be interpreted in several ways. Mathematically speaking, it means that users can win from almost all trades. So, the risk associated with contracts to a negligible level.
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